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Green Thumb Industries Inc (TSE:GTII)
:GTII
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.06Last Year’s EPS
0.01Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 27, 2018
|% Change Since: -21.08%
|Next Earnings Date:Aug 28, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment overall, with strong financial results, innovative financing, and strategic expansions outweighing pricing pressures and market challenges.Company Guidance
In the third quarter of fiscal year 2024, Green Thumb Industries reported significant financial achievements and strategic advancements. The company generated $287 million in revenue and achieved an adjusted EBITDA of $89 million, while cash flow from operations amounted to $48 million after paying $35 million in taxes. Notably, Green Thumb secured a $150 million syndicated bank loan at an industry-leading rate of SOFR plus 5%, which they used to retire $225 million in senior secured debt, thus enhancing their financial stability and extending debt maturity to September 2029. The company also continued to expand its retail footprint by opening four new dispensaries, bringing the total to 98 locations nationwide. Green Thumb remains focused on disciplined capital allocation, having invested $18 million in CapEx for the quarter and planning a total of $80 million for the year. The company is also driving brand equity and consumer engagement through innovative collaborations, such as the expanded partnership with Magnolia Bakery, and leveraging new distribution channels, including same-day delivery via DoorDash, to increase accessibility to their products.Strong Financial Performance
Green Thumb Industries reported $287 million in revenue for the third quarter, a 4% increase year-over-year, and achieved an adjusted EBITDA of $89 million, maintaining a 31% margin. This performance is notable given the challenging market conditions.
Innovative Financing Achievement
The company secured a $150 million syndicated bank loan at an industry-leading rate of SOFR plus 5%, which allowed them to retire $225 million in senior secured debt, thus deleveraging the balance sheet effectively.
Expansion and Growth in Retail
Opened four new dispensaries, bringing the total to 98 locations nationwide, with plans to open the 99th in Orlando, Florida.
Successful Brand Collaborations
Expanded partnership with Magnolia Bakery and established a relationship with Barstool to enhance brand reach and awareness.
Increase in Consumer Packaged Goods Revenue
CPG revenue increased by over 15% compared to the previous year, indicating strong growth in branded product sales.
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TSE:GTII Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:GTII Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | C$12.81 | C$12.41 | -3.12% |
| May 08, 2024 | C$17.00 | C$17.37 | +2.18% |
| Feb 28, 2024 | C$17.12 | C$17.00 | -0.70% |
| Nov 08, 2023 | C$13.00 | C$12.83 | -1.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Green Thumb Industries Inc (TSE:GTII) report earnings?
Green Thumb Industries Inc (TSE:GTII) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Green Thumb Industries Inc (TSE:GTII) earnings time?
Green Thumb Industries Inc (TSE:GTII) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:GTII EPS forecast?
TSE:GTII EPS forecast for the fiscal quarter 2024 (Q4) is 0.06.
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